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June 25, 2012

KPMG launches new transfer pricing service

KPMG has launched an International Transfer Pricing (OTP) service line, aimed at helping multinationals better manage risks related to intercompany transactions.

KPMG said it decided to set up OST as a response to the increase in scrutiny of transfer pricing activities by tax authorities in the US and around the world.

KPMG US tax practice vice chair Scott Ozanus said companies that fail to rigorously develop, implement and manage their transfer pricing policies face growing reputational and financial risks.

“Our focus is on helping multinational companies not only increase the transparency of their transfer pricing practices and reduce financial statement and tax risk, but also enhance the performance of their tax and accounting departments and lower their tax compliance costs,” Ozanus said.

 

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